Rockefeller Capital Management L.P. Purchases New Position in e.l.f. Beauty, Inc. (NYSE:ELF)

Rockefeller Capital Management L.P. bought a new position in e.l.f. Beauty, Inc. (NYSE:ELF) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 11,666 shares of the company’s stock, valued at approximately $1,465,000.

A number of other large investors also recently modified their holdings of the company. Baillie Gifford & Co. boosted its position in shares of e.l.f. Beauty by 51.0% during the 4th quarter. Baillie Gifford & Co. now owns 8,009,434 shares of the company’s stock valued at $1,005,584,000 after acquiring an additional 2,703,742 shares during the last quarter. Vanguard Group Inc. lifted its position in e.l.f. Beauty by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 5,497,208 shares of the company’s stock valued at $690,174,000 after purchasing an additional 68,103 shares during the last quarter. William Blair Investment Management LLC grew its stake in e.l.f. Beauty by 40.9% in the 4th quarter. William Blair Investment Management LLC now owns 2,305,349 shares of the company’s stock worth $289,437,000 after buying an additional 669,321 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of e.l.f. Beauty by 17.5% in the 4th quarter. Clearbridge Investments LLC now owns 1,772,528 shares of the company’s stock worth $222,541,000 after buying an additional 264,296 shares during the last quarter. Finally, Swedbank AB raised its position in shares of e.l.f. Beauty by 16.0% during the 4th quarter. Swedbank AB now owns 812,000 shares of the company’s stock valued at $101,947,000 after buying an additional 112,000 shares in the last quarter. 92.44% of the stock is currently owned by institutional investors.

e.l.f. Beauty Price Performance

Shares of NYSE:ELF opened at $52.60 on Monday. The business has a 50-day simple moving average of $64.02 and a two-hundred day simple moving average of $99.14. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.17 and a current ratio of 1.90. The firm has a market cap of $2.97 billion, a price-to-earnings ratio of 31.12, a price-to-earnings-growth ratio of 6.76 and a beta of 1.41. e.l.f. Beauty, Inc. has a fifty-two week low of $49.40 and a fifty-two week high of $219.77.

e.l.f. Beauty (NYSE:ELF) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.35). e.l.f. Beauty had a return on equity of 16.88% and a net margin of 7.55%. On average, analysts expect that e.l.f. Beauty, Inc. will post 2.38 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages recently issued reports on ELF. Stifel Nicolaus cut their target price on shares of e.l.f. Beauty from $115.00 to $105.00 and set a “hold” rating for the company in a research report on Monday, February 3rd. Raymond James reduced their price objective on e.l.f. Beauty from $120.00 to $85.00 and set a “strong-buy” rating on the stock in a research report on Thursday. B. Riley reissued a “buy” rating and set a $90.00 price objective (down from $150.00) on shares of e.l.f. Beauty in a report on Friday, February 7th. Canaccord Genuity Group cut their target price on e.l.f. Beauty from $174.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, February 7th. Finally, UBS Group decreased their price target on shares of e.l.f. Beauty from $74.00 to $59.00 and set a “neutral” rating on the stock in a research note on Thursday. Five analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $121.82.

Insider Transactions at e.l.f. Beauty

In related news, Director Maureen C. Watson sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $67.39, for a total value of $269,560.00. Following the transaction, the director now directly owns 1,888 shares of the company’s stock, valued at approximately $127,232.32. The trade was a 67.93 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.50% of the company’s stock.

e.l.f. Beauty Company Profile

e.l.f. Beauty, Inc is a holding company, which engages in the provision of inclusive, accessible, clean, vegan and cruelty free cosmetics and skin care products. The company focuses on the e-commerce, national retailers and international business channels. Its brands include elf, elf skin, WELL People and KEYS soulcare.